Classified Ventures (CARS) PT Set at $34.00 by DA Davidson
Classified Ventures (NYSE:CARS) received a $34.00 price objective from investment analysts at DA Davidson in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 20.10% from the stock’s current price.
CARS has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $36.00 price target (up from $32.00) on shares of Classified Ventures in a report on Friday, January 5th. Barrington Research reaffirmed a “buy” rating on shares of Classified Ventures in a report on Thursday, March 8th. ValuEngine raised shares of Classified Ventures from a “buy” rating to a “strong-buy” rating in a report on Friday, April 6th. Zacks Investment Research lowered shares of Classified Ventures from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Finally, Benchmark initiated coverage on shares of Classified Ventures in a report on Thursday, March 22nd. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Classified Ventures has a consensus rating of “Buy” and a consensus target price of $34.70.
CARS opened at $28.31 on Tuesday. The firm has a market cap of $2,003.37 and a P/E ratio of 12.42. Classified Ventures has a twelve month low of $19.90 and a twelve month high of $32.28. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.33.
A number of hedge funds and other institutional investors have recently bought and sold shares of CARS. Catalus Capital Management LLC bought a new position in Classified Ventures during the 4th quarter valued at $192,402,000. Investec Asset Management LTD boosted its stake in Classified Ventures by 300.6% during the 4th quarter. Investec Asset Management LTD now owns 3,431,613 shares of the company’s stock valued at $98,968,000 after acquiring an additional 2,575,002 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Classified Ventures by 32.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,367,562 shares of the company’s stock valued at $63,001,000 after acquiring an additional 574,912 shares during the last quarter. Jackson Square Partners LLC boosted its stake in Classified Ventures by 28.6% during the 4th quarter. Jackson Square Partners LLC now owns 2,575,534 shares of the company’s stock valued at $74,278,000 after acquiring an additional 572,099 shares during the last quarter. Finally, Fairpointe Capital LLC boosted its stake in Classified Ventures by 16.7% during the 4th quarter. Fairpointe Capital LLC now owns 3,983,161 shares of the company’s stock valued at $114,875,000 after acquiring an additional 569,711 shares during the last quarter.
TRADEMARK VIOLATION WARNING: This piece was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/04/17/classified-ventures-cars-pt-set-at-34-00-by-da-davidson.html.
About Classified Ventures
Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.
Receive News & Ratings for Classified Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Classified Ventures and related companies with MarketBeat.com's FREE daily email newsletter.